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Dave, you reference BB TA quite a bit. You are buying yet their current recommendation is below.
Our system’s recommendation today is to SHORT. The BEARISH HARAMI pattern finally received a confirmation because the prices crossed below the confirmation level which was at 18.65, and our valid average selling price stands now at 18.52. The previous BUY signal was issued on 20/07/2023, 5 days ago, when the stock price was 18.73. Since then GEMD.L has fallen by -1.12%.
The bears have strong evidence and this evidence prompts us to make a bearish bet. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a SHORT signal is generated. Follow the signal and profit from the bearish enthusiasm before it is too late.
Personally have been adding a few at 18.5p or less levels, diamond market will turn in 2nd half of the year imo...now is the time to be buying....gla...
Can't be too long until H1 results, early to mid Aug I believe, there is usually a bit of buying on the run up to results, won't be particularly pretty but thinking to H2, things will likely be much rosier, hence the buying yesterday? This should not be lower than 30p to 40p imo, dyor etc
Only problem is every one of their “Buy” signals in the past six months have been wrong. That said I have bought a few this morning thinking they can’t always be wrong (or can they?) fingers crossed!
From TA
Our system’s recommendation today is to BUY. The BULLISH HOMING PIGEON pattern finally received a confirmation because the prices crossed above the confirmation level which was at 18.60, and our valid average buying price stands now at 18.73. The previous SHORT signal was issued on 12/07/2023, 8 days ago, when the stock price was 18.97. Since then GEMD.L has fallen by -1.27%.
We may be at a market bottom or at the start of a reaction rally. The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. Today’s candlestick has a white body and its close is above the confirmation level. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment. The market is telling you about a possible new profit. Do not miss this chance.
Have added a decent chunk. PDL sp has been recovering a little of late and GEMD usually follow it up, agree with 1m traded today the bottom could very in fingers crossed
More buying in a day than the last month!
I’m gonna curse it, Bottoms In.
Gla.
Someone's buying I'm the belief a turnaround in the SP and dism9nd market is imminent
Hopefully coming qtr results show a turnaround..
Not if they keep pulling 160 carat stones out of the ground it won't be - let's see - odd things seem to "turn up" at levels/times like this ...
Its been falling for over a year now - a 0.1p share in the making
OK chaps - extremely oversold on the weekly now at my 18s target - a couple of nibbling "marker" buys just in for moi - GLA.
Now only £25m market cap!! Are they to raise funds by a share offer to go underground, that's all I can think??
PDL rising, GEMD falling...what's the problem with it...??
Useless company and investment
Not fantastic news for us long term holders but at least it is about 20% above current level
Barclays cuts Gem Diamonds price target to 24 (30) pence - 'overweight'
Thanks, Driving!
There's a fair degree of overlap there in our approaches.
Looking fwd to that 5 May invitation!
I'm originally from Liverpool myself, though you'd never guess.
ATB
I look to invest in company’s with the following criteria:
In order of importance-
1) not a life style company/chronic share issuer.
2) the directors/ceo have “skin in the game”
3) at or near long-term lows/support
4) negative sentiment.
I hardly ever catch the bottom, but continue to leverage in(quite often in 10s of trades/tranches).
Gl & ps I think gemd meets the above criteria.
Pss I’m only responding out of respect of you having shared much research & insight with fellow investors.
Still no sign of the diamond market in general picking up....GEMD need the big ones at a rate of at least 1 a month..
https://rapaport.com/press-releases/diamond-prices-fall-as-retail-slump-continues/
Don’t know what GEMD twitted that today and not when they put it on their website.
The “sale” reported at 11:16 was actually my purchase. Makes you wonder if the other sales earlier in the morning were also buys.
Now realise that news I’d two weeks old - silly me for not checking first.
Just topped up a little on the back of that information - time will tell if that’s the right decision.
About time.
“Gem Diamonds is pleased to announce the recovery of an impressive 163.9 carat yellow diamond at the Letšeng diamond mine in Lesotho.”